Egypt ordered to pay $1.76 billion to Israel over gas supply cut
Egyptian natural gas companies have been ordered through arbitration to pay the Israel Electricity Corporation $1.76 billion in compensation over a gas supply cut,...
Apple shares dip 5% as iPhone sales slow
Apple shares sank in opening trade Wednesday, after the company warned that iPhone sales could fall for the first time in the coming quarter.
About...
IMF urges Gulf states to bring in taxes
The International Monetary Fund chief urged on Monday oil-exporting Gulf countries to introduce taxes, warning that low crude prices are likely to stay for...
Dubai announces first airport tax on passengers
The emirate of Dubai, whose airport is the world's busiest for international passengers, announced Wednesday it was introducing a tax on travellers to help...
Oil ends 2015 in downbeat mood; result to be long and painful
Oil prices headed for a second year of steep losses, despite inching up fractionally in the last trading hours of 2015, as record OPEC...
Oil edges back above $30
Oil prices rose above $30 on Tuesday after briefly dipping below the psychological barrier as the market was beset with worries about the global...
Oil rebounds as producers agree to meet
Oil prices rebounded Wednesday, as Qatar said producers from within and outside OPEC would meet next month to discuss a freezing of output.
Prices had...
Kuwait oil strike enters day 3, some output restored
A strike by oil workers that has slashed Kuwait's output entered its third day on Tuesday but the state oil firm said it had...
Saudi Aramco in talks to buy CNPC refinery stake, retail assets
Saudi Aramco, the world's biggest oil producer, is in talks to acquire a stake in a China National Petroleum Corp refinery as well as...
Qatar says to 'liberalise' fuel prices
OPEC member Qatar announced Tuesday that it will liberalise petrol and diesel prices amid concerns over the state budget with the fall of global...
